TOKYO -- Japan's Mizuho Financial Group plans to increase its stake in online brokerage Rakuten Securities to nearly 50% with an expected investment of about 90 billion yen ($597 million), Nikkei has learned.
Finance
Japan's Mizuho to invest $600m more in Rakuten Securities
Exclusive: Bank to raise stake to nearly 50% as online broker's IPO plans lag
Mizuho bought a roughly 20% stake in Tokyo-based Rakuten Securities for about 80 billion yen in October last year. (Source photos by Nikkei)
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